This property looks like a bad Mid-Term investment with a projected -16.11% first-year return on $200k initial cash invested.
-16.11%
Cash On Cash
3.04%
Cap Rate
0.47
DSCR
$4,737
Rent
-$2,679
Cashflow
Cash Flow
$4,737 income − $7,416 expenses = $2,679 out of pocket
Investment Breakdown
|
Purchase Price
$865k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$200k
Downpayment
20%
$173k
Closing costs
1%
$8,647
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,737
Total Expenses
$7,416
Mortgage P&I
99%
$4,677
Property Taxes
17%
$824
Home Insurance
6%
$306
HOA
0%
$0
Property Management
12%
$568
CapEx
4%
$189
Vacancy
3%
$142
Maintenance
4%
$189
Other
11%
$521